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Slowing global growth a concern but India better placed to deal with geopolitical challenges: Shaktikanta Das at Davos

Reserve Financial institution of India Governor Shaktikanta Das.

Slowing international development is cause for concern, a explanation for fear however India is best positioned to cope with numerous geopolitical challenges, Reserve Financial institution of India Governor Shaktikanta Das stated on the World Financial Discussion board in Davos on Thursday.

“Geopolitical flashpoints are continuing, new flashpoints are coming out. Supply chain bottlenecks have not fully normalised. Inflation has been brought under control but individual countries have not reached their targets. The last mile is proving to be very difficult,” Das stated.

“So far as India is concerned, in this kind of an environment India, as an economy, has emerged from the recent crisis much stronger.”

The nation’s financial coverage should stay actively disinflationary regardless of the current sharp fall in core inflation, Das instructed Reuters in an interview on Wednesday.

The central financial institution chief stated the federal government has been conscious of staying on the fiscal consolidation path and expects that to proceed together with sustaining the momentum on structural reforms.

Das reiterated the financial system stays strong, with stability each on the macro-economic entrance and the monetary sector. The governor has engaged in a number of public talking engagements over the past three days on the WEF.

With inputs from Reuters.

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